Leeds Share Discussion Threads

[deswalker] 10/5/2007 07:42

Interims out

[cg1953] 07/5/2007 15:44

arthur.
thanks for that.
i all ways thought they were one and the same.
the volvo one left sweden to come to the uk to also manage an investment fund ?
carnegie ?

[arthur_lame_stocks] 06/5/2007 12:01

I think you've got the wrong Gyllenhammar, you're talking about two different people "ours" is Peter "theirs" is Pehr.

[arthur_lame_stocks] 04/5/2007 11:55

Interims were out 10th May last year, I wonder if we might get them at similar date this year. I'd email the company and ask but you can't rely on them so there's not much point. At least Malcolm Wilson tried to be helpful.

[poacher45] 20/4/2007 09:49

Now it has been tipped in thr Wharedale Observer it has got to be a sure fire winner. I wonder whether it has awoken any of our sleepy directors.

[arthur_lame_stocks] 20/4/2007 07:36

Tipped in the Wharfedale Ovserver, we're going up in the world, if not in price!

[cg1953] 14/4/2007 00:01

hope springs eternal and ignorance is bliss.
look at the record !!! dreadful.
caveat emptor.

[valhamos] 12/4/2007 07:47

"my guts tell me the management is is ineffective to the point of negligence."

Nonsense imo. Very happy with the management here. Something will happen with LDSG, as with any other company, as its business continues to improve.

[jonak] 12/4/2007 00:02

Should I start to despair of anything happening with LDSG....
my brain tells me there is value to out, but my guts tell me the management is is ineffective to the point of negligence... anyone with positive news feel free to brighten my gloom.....

[arthur_lame_stocks] 30/3/2007 16:25

Not in FWY, but am interested, I still think there is more upside in this, or at least similar and it would mean chopping and changing. Anyway there´s a bit of a cue for my meagre resources at the moment.

[deswalker] 30/3/2007 13:06

Good news. Was starting to worry why they had stopped.

Arthur, surely you're now in FWY right ? Or have you seen something that I haven't as it now appears to be even better value than LDSG.

Des

[arthur_lame_stocks] 30/3/2007 12:58

Another 100k bought in, we´re getting there slowly, I suppose it´s too much to hope for a trading update before the end of the half, then again knowing LDSG it´d be a profit warning.

[jonak] 16/3/2007 00:17

roomey that was an interesting link

It looks like the oral evidence will hold sway , and LDSG will lose the land, but there should be a financial compensation for loss of use, probably only at agricultural rates though - a few thousand an acre

[roomey] 15/3/2007 19:54

The Act which allowed LDSG to loose its land The Common Registration Act 1965( Section 13) is the state legislating to control or acquire property and as such compensation should be paid according to ECHR ruling????

[roomey] 15/3/2007 19:37

Further to my previous post I would hope LDSG is seriously looking at the PYE V UK ruling from 15/11/05 while it related to adverse possession the ECHR ruled that the acquisition of registered land by AVP under LRA 1925 without payment to the land owner is a breach of ECHR and its provision that a legal person is entitled to peaceful enjoyment of their possessions.This right to peaceful enjoyment is a qualified one that it does not prevent a state from legislating to control or acquire property in accordance with the public interest, but normally compensation should be paid.

[cg1953] 15/3/2007 10:55

arthur.
you make a good defense lawyer.
what more could they do ? prepare hemmers/ldsg for sale or takeover/distribution. as you say its too small and management have proved inept at managing what biznesses they had.
thank you for the info on the land.
fact remains this stock is a dog, and i cant see whats going to change that perception.
we have been led a song and dance over time whether it be dividends or corporate strategy.

[arthur_lame_stocks] 15/3/2007 10:47

Can PG/JC really be blamed for the Yeadon Banks decision. I had a look at the report of public enquiry that roomey posted and as far as I can see a lot of the Judges decision was based on the fact that the land had been used as a village green since before the war. Leeds did fence off the land when it became apparant that that might be a defence against the council´s plan to have it classified as a village green but because of decisions made at appeal in other cases it wasn´t enough.

What more could Leeds have done?

I think the reason this trades at a discount to net assets is that it is just too boring to interest most private investors, and too small for institutions. Also the company has struggled to report a profit but this has often been because of various legacy issues. I will be really disappointed if they don´t manage to report a profit this year.

I think now we have to accept that the cash isn´t going to be returned, at least until they have bought in the maximum 10% shares into treasury. To give them some credit they have returned nearly 400k since disposing of Leasing and all by buying in their own shares at a substantial discount to net assets.

[cg1953] 15/3/2007 10:34

if we had some decent management or shareholder/directors with a record of delivering earnings and value [lup]then the stock would trade at a premium to nav instead of its current substantial discount.
this land/village green just another fiasco in a long list of corporate delinquency and ineptitude.
is pg still involved with montpellier now renew ?
probably not as the price has soared. lol.

[poacher45] 09/3/2007 12:07

I should say there were about 12 other people there after allowing for directors and advisors. PG is unfortunately ill I take it he will be on the same salary as JC but that is only my guess. There was nothing further I can add.

[roomey] 08/3/2007 20:52

What a bunch of muppets the Yeadon banks land was surrounded on three sides by housing and David Wilson homes have/had an option on the land to buy from LDSG all they had to do was fence it off from the councils land and put a few signs up nothing else there only real arguement against the decision is one of neighbourhood and probably violation of Human Rights see PYE v UK (if relevant) Shame could have been a good earner for the co. and its shareholders

[arthur_lame_stocks] 08/3/2007 18:10

So poacher tell us some more about the AGM if you were there, how many shareholders went, what if any other questions were asked, did they give any better clue as to how trading is, is PG only going to take a small salary, anything.

[poacher45] 08/3/2007 17:52

You sound just like them Arthur. What do you think of Lupus now. I sold the last lot 2 weeks ago at 19.8p. There thats made me feel happier.